WINTON GROUP Ltd decreased its position in shares of Axon Enterprise Inc (NASDAQ:AAXN) by 94.9% during the third quarter, HoldingsChannel.com reports. The fund owned 9,461 shares of the industrial products company’s stock after selling 175,259 shares during the quarter. WINTON GROUP Ltd’s holdings in Axon Enterprise were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAXN. BlackRock Inc. raised its stake in Axon Enterprise by 7.6% during the 2nd quarter. BlackRock Inc. now owns 9,083,739 shares of the industrial products company’s stock worth $573,912,000 after acquiring an additional 637,690 shares during the period. Victory Capital Management Inc. bought a new stake in Axon Enterprise during the 3rd quarter worth approximately $25,229,000. Renaissance Technologies LLC bought a new stake in Axon Enterprise during the 2nd quarter worth approximately $16,797,000. Canada Pension Plan Investment Board bought a new stake in Axon Enterprise during the 2nd quarter worth approximately $14,197,000. Finally, Zevenbergen Capital Investments LLC bought a new stake in Axon Enterprise during the 2nd quarter worth approximately $10,420,000. Institutional investors own 82.02% of the company’s stock.
In related news, insider Douglas E. Klint sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $69.82, for a total value of $1,745,500.00. Following the completion of the transaction, the insider now directly owns 104,341 shares of the company’s stock, valued at $7,285,088.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark W. Kroll sold 7,097 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $64.34, for a total transaction of $456,620.98. Following the completion of the transaction, the director now directly owns 24,105 shares of the company’s stock, valued at $1,550,915.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,197 shares of company stock valued at $2,471,656. 3.90% of the stock is currently owned by insiders.
Axon Enterprise (NASDAQ:AAXN) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Axon Enterprise had a net margin of 6.26% and a return on equity of 10.74%. The firm had revenue of $104.84 million during the quarter, compared to analyst estimates of $103.06 million. During the same period last year, the firm posted $0.01 earnings per share. Axon Enterprise’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Axon Enterprise Inc will post 0.52 earnings per share for the current year.
AAXN has been the subject of a number of research analyst reports. Imperial Capital raised shares of Axon Enterprise from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $62.00 in a report on Wednesday, August 8th. Zacks Investment Research lowered shares of Axon Enterprise from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. TheStreet lowered shares of Axon Enterprise from a “b-” rating to a “c” rating in a report on Thursday, August 9th. LADENBURG THALM/SH SH lowered shares of Axon Enterprise from a “buy” rating to a “neutral” rating and set a $77.00 price objective for the company. in a report on Monday, October 15th. Finally, Dougherty & Co lowered shares of Axon Enterprise from a “buy” rating to a “neutral” rating in a report on Monday, August 6th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Axon Enterprise presently has an average rating of “Buy” and an average price target of $64.82.
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About Axon Enterprise
Axon Enterprise, Inc develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. The company operates through two segments, TASER Weapons, and Software and Sensors. It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.
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